I agree with you Malay.
Other posters who have been burnt in the past of RDR should move on or read recent company releases. Tonkin is now in charge. The reeds are attending to charity work. the company has raised successfully $40 mil only a few months ago. Mainly from instos. And have sucessfully organised finance for the remaining works. This project is fully funded.
The first 100k ounces p.a. are from open cut mining. Then it ramps up to 135k ounces p.a. from undergound mining. Reserves will increase with ongoing exploration.
The refurbishment of equipment is on track and nearly completed. Just waiting for one more environmental approval which won't stop starting of production.
A lot of people have been burnt on most explorer/mining stocks over the last 12 months. It is now golds time. It is now RDR's time to turn everyhing around which is just starting to happen imo.
breaking out, page-38
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